16 rental units on 3.28 acres. Gross annual income is $81,000 with gross expenses of $31,400 leaving a net operating income of $49,560. 6.4% cap rate and 9.56 GRM. Expenses include sewer, insurance, taxes ($3042.87 for 2018), repairs & maintenance (est. at $250/Mo.), Onsite manager who receives free rent ($600/Mo.) and manager's utilities $320/Mo. Rents are VERY low and have upside potential!!
Off market
Street View
Price Unknown
23475 Highway 99e, Harrisburg, OR 97446
--beds
0baths
7,000sqft
MultiFamily
Built in 1945
-- sqft lot
$-- Zestimate®
$--/sqft
$1,859 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Interior area
- Total interior livable area: 7,000 sqft
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Features: Level, Views, 3 to 4.99 Acres
Details
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1945
Utilities & green energy
- Sewer: Septic Tank, Other
- Water: Well
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Harrisburg
Other
Other facts
- ViewYN: true
- Sewer: Septic Tank, Other
- Zoning: R3
- WaterSource: Well
- Appliances: Refrigerator, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- Heating: Zoned
- NumberOfUnitsTotal: 16
- Furnished: Unfurnished
- Roof: Composition
- LotFeatures: Level, Views, 3 to 4.99 Acres
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection
- OpenParkingYN: true
- ConstructionMaterials: Lap Siding
- View: Valley
- ParkingFeatures: Open
- CapRate: 6.39
- GrossIncome: 81000
- OperatingExpense: 31440
- MlsStatus: Pending
- NetOperatingIncome: 49560
- TaxAnnualAmount: 3042.87